April 04, 2013

by Jim Colby, Portfolio Manager

The lyrics of I Can See Clearly Now a 1972 hit song came to mind recently when I was revisiting one investment theme that is commonly raised around this time of year as individuals prepare to pay their taxes and consider strategies for tweaking their portfolios: which perfor...

March 14, 2013

by Jim Colby, Portfolio Manager

Beware the Ides of March Yes yes this Shakespearean reference is a little over the top but it has been readily observed by many authors that the month of March has often been a cruel one for participants in the municipal bond market. In this year MMXIII it just so happens th...

March 07, 2013

by Jim Colby, Portfolio Manager

As I attempted in the first installment I offer a high level overview to generalize my view on the credit quality of a vast expanse of states cities and local issuers of municipal bonds. I believe ratings do matter because not only do they represent a measure of differentiat...

February 14, 2013

by Jim Colby, Portfolio Manager

Let s give credit where credit is due: recently Forbes published an article that to some might seem like the kind of article that sits on the shelf until there is a slow news day and the editor is looking for a filler piece. In fact this article raises a number of important ...

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